PDG files for judicial restructuring with over 500 subsidiaries

Insolvency boutique E Munhoz Advogados has helped Brazilian realtor PDG Realty file for judicial restructuring in a case that involves hundreds of subsidiaries and some 5.4 billion reais (US$1.75 billion) in debt.

PDG files for judicial restructuring with over 500 subsidiaries

São Paulo’s first bankruptcy court authorised the filing on 2 March after auditing firm PricewaterhouseCoopers reviewed over 35,000 pages of documents for compliance with Brazil’s bankruptcy law.

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